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US dollar jumps to 3-week high vs yen after China GDP data

Friday, July 15, 2016 - 10:37

The US dollar extended its gains and scaled a three-week high against the yen on Friday, after China's second-quarter gross domestic product and June activity data pointed to stabilisation in China's economy and bolstered risk sentiment.

PHOTO: REUTERS

[TOKYO] The US dollar extended its gains and scaled a three-week high against the yen on Friday, after China's second-quarter gross domestic product and June activity data pointed to stabilisation in China's economy and bolstered risk sentiment.

The US dollar touched a high of 106.235 yen as at 0221 GMT, its highest level since June 24. The greenback was last trading at 106.19 yen, up 0.8 per cent on the day.